November 28, 2023 08:00 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
NEWARK, Del, Nov. 28, 2023 (GLOBE NEWSWIRE) -- The vacuum-sealed packaging market is poised for significant growth, with the global market size projected to reach US$ 13.2 billion by 2024. The vacuum-sealed packaging sales are expected to witness a robust CAGR of 4.3% from 2024 to 2034. By 2034, the vacuum-sealed packaging demand is anticipated to reach a valuation of US$ 20.1 billion. Tea Bags In A Triangle Box
Forces Steering the Evolution of Vacuum-sealed Packaging Applications
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“Rising customer demand for more extended product shelf lives presents a strong trajectory in the constantly evolving vacuum-sealed packaging market. Sustainability and freshness become relevant and evident in the trend. To remain profitable and competitive in a dynamic market, vacuum-sealed packaging manufacturers employ creative solutions to take advantage of shifting consumer preferences.” - Says Ismail Sutaria, Principal Consultant at Future Market Insights.
Restraints Impacting the Adoption of Vacuum-sealed Packaging Technologies
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Market Spotlight of Vacuum-sealed Packaging in Asia Pacific
An in-depth Look at Market Trends of Vacuum-sealed Packaging in North America
Market Dynamics of Vacuum-sealed Packaging in Europe
The leading vacuum-sealed packaging manufacturers are attempting to expand their capabilities and sales to meet the emerging demand. To increase their resources through mergers and acquisitions, the key players create new products to satisfy market demands. The vacuum-sealed packaging vendors are improving their facilities to meet the demand.
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Ismail Sutaria (Principal Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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Tube Sealing Machines Market Growth: The market for tube sealing machines is poised for growth, with projections indicating a rise to US$ 1.26 billion in 2023. Further, the estimated market size for tube sealing machines is anticipated to reach US$ 1.97 billion, reflecting a Compound Annual Growth Rate (CAGR) of 4.6% by the year 2033.
Antimicrobial Packaging Ingredients for Food Packaging Market Size: The anticipated market value for antimicrobial packaging ingredients in the food packaging sector is set at US$ 2,810 million in 2023, with a projected increase to accumulate a market value of US$ 4,281 million by 2033. This growth trajectory reflects a Compound Annual Growth Rate (CAGR) of 4.3% during the forecast period from 2023 to 2033.
Smart Packaging Market Trends: The smart packaging market is poised for a valuation of US$ 24.6 billion in 2023, with an estimated increase to reach US$ 38.3 billion by 2033. The industry is anticipated to exhibit growth at a Compound Annual Growth Rate (CAGR) of 4.5% from 2023 to 2033.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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